• By Sheila
    Jul 25, 2008 11:34 AM 2,536
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    Down and Out in East Hampton

    East Hampton! It is the home and summer playground for many rich, like Martha Stewart and P. Diddy. But in fact, the town is going broke—like the rest of the country, they have almost nothing in their bank account and are about $12 mil in the hole. One solution: raise property taxes! But not too much—don't want to scare the rich. (While we're all piling on, we might as well mention that the town's website is very 1996.) [NY Post]


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